By Obinna Uballa Northern governors on Monday delivered their starkest warning yet, declaring that the region risks losing its future to relentless insecurity and worsening poverty unless leaders take bold, immediate action. Speaking at a joint meeting of the Northern States Governors’ Forum (NSGF) and the Northern Traditional Rulers Council in Kaduna, Chairman of the…
By Obinna Uballa French oil major TotalEnergies announced on Monday that it is selling a 40-per-cent stake in its Nigerian offshore exploration licences to a subsidiary of US energy giant Chevron. The sale, according to the announcement, covers two offshore areas spanning 2,000 square kilometres in the West Delta basin and is subject to regulatory…
By Obinna Uballa Nigeria will maintain an oil production level of 1.5 million barrels per day (bpd) until December 2026, following a decision by the Organisation of Petroleum Exporting Countries (OPEC) to roll over output levels for the country and other member states. OPEC said the move aims to sustain stability in the global oil…